Mutual of America Capital Management LLC Sells 3,700 Shares of XPO, Inc. (NYSE:XPO)

Mutual of America Capital Management LLC lowered its position in XPO, Inc. (NYSE:XPO) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,906 shares of the transportation company’s stock after selling 3,700 shares during the quarter. Mutual of America Capital Management LLC’s holdings in XPO were worth $6,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in XPO. Capital Research Global Investors boosted its holdings in XPO by 9.8% during the 1st quarter. Capital Research Global Investors now owns 10,203,481 shares of the transportation company’s stock valued at $1,245,131,000 after acquiring an additional 912,544 shares during the period. Capital World Investors boosted its position in shares of XPO by 3.3% during the first quarter. Capital World Investors now owns 4,492,089 shares of the transportation company’s stock valued at $548,170,000 after purchasing an additional 142,908 shares in the last quarter. D1 Capital Partners L.P. bought a new stake in shares of XPO during the 2nd quarter valued at $271,532,000. Clearbridge Investments LLC boosted its stake in XPO by 11.3% during the second quarter. Clearbridge Investments LLC now owns 2,488,210 shares of the transportation company’s stock worth $264,124,000 after acquiring an additional 253,519 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of XPO by 9.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,500,368 shares of the transportation company’s stock worth $159,243,000 after purchasing an additional 130,322 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

XPO Price Performance

XPO stock opened at $144.47 on Tuesday. The company has a fifty day simple moving average of $119.54 and a two-hundred day simple moving average of $113.57. XPO, Inc. has a 52 week low of $78.72 and a 52 week high of $156.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $16.82 billion, a P/E ratio of 47.18, a price-to-earnings-growth ratio of 2.19 and a beta of 2.07.

XPO (NYSE:XPO) last released its earnings results on Wednesday, October 30th. The transportation company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. XPO had a return on equity of 31.16% and a net margin of 4.57%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. Analysts anticipate that XPO, Inc. will post 3.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Susquehanna increased their price objective on shares of XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Barclays lifted their price objective on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Benchmark restated a “buy” rating and set a $140.00 target price on shares of XPO in a research report on Thursday, September 19th. Stifel Nicolaus upped their price target on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group reduced their price objective on shares of XPO from $139.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.13.

XPO Profile

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.